NFX
UnclaimedAt a Glance
- Check Size
- $500K – $5M
- Stage
- Pre-Seed, Seed
- AUM
- $1B
- Sectors
- AI, Biotech, Marketplace
- Founded
- 2015
- HQ
- San Francisco, CA
About NFX
NFX is a venture capital firm based in San Francisco, CA founded in 2015. We are a VC firm investing in pre-seed and seed stage startups. We back exceptional Founders building market-transforming companies. The firm focuses on Pre-Seed, Seed investments across sectors including AI, Biotech, Marketplace. The firm manages $1B in assets under management. Notable portfolio companies include Lyft, Trulia, OpenDoor, ClassDojo, Patreon, Morning Brew, Bevy and Choreo. Founder-led firm that backs network effect businesses and provides proprietary Signal platform analytics and CEO Guild support network.
Investment Thesis
“Founder-led firm that backs network effect businesses and provides proprietary Signal platform analytics and CEO Guild support network.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
- SEC records show nine NFX entities, all California partnerships except one Delaware series vehicle.
- The core line runs from NFX Capital Fund I, LP through Fund II and Fund III to Fund IV, which filed a Form D on March 22, 2023 for a $450 million offering.
- Pete Flint, James Currier, Gigi Levy-Weiss, Morgan Beller and Omri Amirav-Drory are named on that filing as managing members of the general partner of the general partner.
- Around the core funds the firm has built a layer of concentration vehicles: NFX Capital Opportunity Fund I, LP, NFX C2-B Advantage, LP, NFX SL Advantage I, L.P. and NFX SST Advantage I, L.P., plus a Delaware special purpose vehicle, NFX SST Advantage Feb 2026, formed under an NFX SPV Master LLC. That structure lets a pre-seed and seed firm keep concentrating capital in breakout companies well past its entry point.
- NFX does not publish sizes for Funds I through III or a consolidated committed capital figure.
SEC Fund Filings
- Vehicles filed, last 24 months
- 2
- Latest filing
NFX filed a Form D for 2 fund vehicles between Sep 30, 2024 and Sep 29, 2026.
| Fund vehicle | Source |
|---|---|
| NFX SL Advantage I, L.P. | SEC Form D, filed |
| NFX SST Advantage I, L.P. | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to NFX by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
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Related Articles (5)
Frequently Asked Questions
What stage does NFX invest at?
NFX primarily invests at the Pre-Seed, Seed stages. This means they focus on companies that are at the earliest idea or prototype phase.
Where is NFX located?
NFX is headquartered in San Francisco, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does NFX focus on?
NFX focuses on investments in AI, Biotech, Marketplace. Their portfolio reflects deep expertise and networks within these sectors.
What is NFX's typical check size?
NFX's typical investment check size ranges from $500K to $5M. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does NFX have under management?
NFX manages approximately $1B in assets under management (AUM) across their funds.
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